Rockets reach agreement on trade for Jason Terry

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Seeking a veteran guard depth for their young, retooled bench, the Rockets will acquire guard Jason Terry, a long-time Rockets nemesis from his days with the Mavericks, from the Sacramento Kings, a person with knowledge of the deal confirmed on Sunday.

The Rockets will send guard/forward Alonzo Gee to the Kings in the deal and will also receive a pair of second-round draft picks, including a pick the Kings acquired from the Knicks. Yahoo Sports initially reported the agreement on the deal.

The pick from the Kings has some, unlikely protection. The Rockets would get it in 2015 if it falls between the 31st and 50th picks. There is no protection on the Knicks’ pick in 2016.

Terry is in the final season of his contract, worth $5.85 million, making his expiring contract and the additional picks potential trade assets.

The deal will take several weeks to complete and will include additional non-guaranteed contracts, likely either Josh Powell, Scotty Hopson or both.

Terry struggled in 35 games with Brooklyn last season, averaging just 4.5 points on 36.2 percent shooting. Terry went to the Kings at the trade deadline in a deal for Marcus Thornton, but was never a part of the Kings’ plans and did not play again last season.